Consumer confidence has hit a numeric score not seen since May 2022. This weekly tracking score has occurred concurrently with a cut in interest rates from Canada’s central bank. -Nik Nanos, Chief Data Scientist Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,120 respondents in Canada. This report is based… Continue Reading Consumer confidence hits a two-year high concurrent with rate cut announcement (Bloomberg/Nanos)
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Category: Consumers
Nearly two thirds of Canadians support or somewhat support the proposed 100% tax on Chinese-made ele...
Over three in five Canadians support (43%) or somewhat support (20%) 100% tax on all Chinese-made electric vehicles, while just over one in four oppose (10%) or somewhat oppose (17%) this. Older Canadians (55 plus) were more likely to support this (52% support, 22% somewhat support) than younger Canadians (18-34)(33% support, 18% somewhat support). Nanos… Continue Reading Nearly two thirds of Canadians support or somewhat support the proposed 100% tax on Chinese-made electric vehicles (Globe and Mail/Nanos)
Consumer confidence for 2024 continues to track in marginally positive territory (Bloomberg/Nanos)
For most of 2024, Canadian consumer confidence has tracked in positive territory with a score between 50 and 54 points on the 100 point diffusion score that makes up the Bloomberg Nanos Index. Positive scores are most likely to be driven by favourable views about the future value of real estate. -Nik Nanos, Chief Data… Continue Reading Consumer confidence for 2024 continues to track in marginally positive territory (Bloomberg/Nanos)
Views on real estate remain net positive but near five-month numeric low (Bloomberg/Nanos)
Overall Canadian consumer confidence remains net positive. Of note, positive views on the future value of real estate are near a five-month low but still outpace negative views on real estate. -Nik Nanos, Chief Data Scientist Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,092 respondents in Canada. This report… Continue Reading Views on real estate remain net positive but near five-month numeric low (Bloomberg/Nanos)
Generational Divide – Canadians over 60 have highest consumer confidence under 60 less confident (Bl
Although overall consumer confidence remains marginally positive there is a significant generational divide. Canadians 60 and over have the highest consumer confidence compared to all other age cohorts. Those over 60 are likely the least affected by the rising cost of living. -Nik Nanos, Chief Data Scientist Nanos conducted an RDD dual frame (land- and… Continue Reading Generational Divide – Canadians over 60 have highest consumer confidence under 60 less confident (Bloomberg/Nanos)
Forward look on consumer confidence shows possible signs of softening (Bloomberg/Nanos)
The forward-looking Expectations Sub-indice numerically slid below the Pocketbook Sub-indice for the first time in four months – largely on softening views on the future value of real estate. -Nik Nanos, Chief Data Scientist Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,032 respondents in Canada. This report is based… Continue Reading Forward look on consumer confidence shows possible signs of softening (Bloomberg/Nanos)
Consumer confidence positively steady (Bloomberg/Nanos)
Weekly tracking on consumer confidence suggests that perceptions remain in positive territory and stable. -Nik Nanos, Chief Data Scientist Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,032 respondents in Canada. This report is based on the four waves of tracking ending July 26th, 2024. The margin of error for… Continue Reading Consumer confidence positively steady (Bloomberg/Nanos)